Inflation has also caused the cost of parts and labour to creep up.The general lack of vehicles, replacement parts and staff shortages at body shops and garages slow down claim-processing times and result in additional costs.Today's vehicles, equipped with driver-assistance features, cost more to repair.Extreme weather events, such as heavy rain, high winds and hail can also push up the number of claims made.New, and even used, vehicles are harder to come by, which can mean a higher number of car thefts.A return to regular driving habits translates into more accidents. Let's look at why the cost of auto insurance in Canada has gone up:
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